Foreclosure activity declines to 2008 levels

Foreclosureradar just reported that foreclosures activity has fallen to 2008
levels. So then are we 2 years away from another 2006? I wish it was that

Jobs number are higher, air traffic with both passengers and freight is
exceeding expectations, so I wouldn't be surprised if 2011, was the bottom
in home prices.

California <>
Foreclosure filings in California fell to lows not seen since the fall of
2008. Notice of Default filings dropped 25.8 percent, and Notice of Trustee
Sale filings fell 10.9 percent from March. On a year-over-year basis
foreclosure filings were down as well, with Notice of Default filings down
28.0 percent and Notice of Trustee Sale filings falling 31.2 percent from
April 2010. Foreclosure sale cancellations rose 27.0 percent from March.
Activity on the courthouse steps slowed from the prior month, with 17.2
percent fewer sales Back to Bank and a 15.8 percent drop in properties
purchased by 3rd Parties, typically investors. The average Time to Foreclose
continued to climb, increasing 3.3 percent to 312 days.
View all California stats by state, county, city or ZIP



Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
Cell 510 388 2436 / Fax 510 431 9046


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